Bitcoin sees record $10K drop as model warns $93.5K may not return until 2028 ⚠️ Bitcoin (BTC) liquidated billions going into Friday after a historic sell-off, marking the largest daily dollar decline in its history. After bouncing from $59,930! Its first trip below $60K since October 2024. BTC/USD consolidated under sustained selling pressure. Data from CoinGlass shows $2.6 billion in crypto positions wiped out in 24 hours, surpassing both the COVID-19 crash in March 2020 and the FTX collapse in late 2022. 📉 Thursday’s daily candle also set a historical bear-market record in percentage terms, rivaling the FTX debacle that sparked BTC’s $15,600 low. Institutional investors weren’t spared. ETF holders saw net outflows of $434 million, according to UK investment firm Farside Investors. BTC/USD also hit a new unenviable milestone — falling more than $10,000 in a single day. This was the highest volume day for Bitcoin since August 2024 “one for the history books.” 🔥 Bearish outlook ahead Crypto analyst Rekt Capital warns it may be 2028 before BTC fully rebounds. Using BTC’s price cycle model, he forecasts: 2026: Classic bear market year 2027: Bottoming out year 2028: Trend reversal year, where $93,500 could finally return Another post from Rekt Capital highlights “bearish acceleration” for BTC/USD, echoing the 2022 bear market. Bottom line: Bitcoin just recorded a historic sell-off with unprecedented liquidation levels. Analysts warn bulls may have to wait several years for a true recovery. Until then, BTC faces a tense bear-market environment. ⏳